The global electronic skin market is expected to reach a market size of USD 20.02 Billion in 2027 and register a robust CAGR over the forecast period, according to the latest report by Reports and Data. High demand for electronic skin in the healthcare sector and increasing growth in the robotics industry are key factors driving growth of the global electronic skin market. Advancements in technology and incorporation of Artificial Intelligence (AI) in the healthcare sector is supporting revenue growth of the market.
Electronic skin is utilized in robotics and healthcare applications due to it being self-powered, self-healing, and for excellent stretchability. Electronic skin is used in robotics to offer a sense of touch, and in the healthcare industry to track health and fitness-related ailments and conditions.
Electronic skin is used for a range of applications such as to monitor cardiovascular diseases, conditions during pregnancy, patients with diabetes, and in the detection of abnormalities in the brain. Growth of the electronic skin market is expected to be driven significantly by increasing range and variety of applications this technology offers in industrial & residential robotics, healthcare, and prosthetics. Factors such as low awareness and low investment in research and development in developing economies are expected to restrain adoption of this technology to a certain extent. High cost and complex design of the technology will also limit demand for electronic skin technology.
The COVID-19 impact: The COVID-19 pandemic has impacted the electronic skin market positively. The virus has impacted the healthcare industry significantly, creating need for real-time health monitoring of patients. Market players are focused on developing electronic skin patches that can track a patient’s temperature and heart rate. These electronic devices provide remote and continuous monitoring of a patient’s body temperature.
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For the purpose of this report, Reports and Data has segmented the global electronic skin market on the basis of product, component, sensors, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Component Outlook (Revenue, USD Billion; 2017-2027)
Sensors Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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